Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»Aave DAO Launches GHO Stablecoin on Arbitrum
ADOPTION NEWS

Aave DAO Launches GHO Stablecoin on Arbitrum

By Crypto FlexsJuly 2, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Aave DAO Launches GHO Stablecoin on Arbitrum
Share
Facebook Twitter LinkedIn Pinterest Email

Aave’s decentralized autonomous organization is launching the GHO stablecoin on the Arbitrum blockchain as part of itsCross-chain expansion strategy.”

“teaMulti-collateral stablecoins built into the Aave protocol will leverage industry standards. Chainlink Cross Chain Interoperability Protocol (CCIP) “We will roll out gradually, starting with Arbitrum as our first network and expanding to other networks over time,” the statement reads.

The GHO stablecoin, native to the Aave protocol, is fully backed and transparent by the Aave DAO, which manages the token supply. Assets available within the Aave protocol can also be used to back GHO.

Almost a year ago, ghost We have activated a stablecoin on the Ethereum mainnet. This move follows the launch of the GHO stablecoin on the Goerli testnet in February 2023.

Aave’s focus with Arbitrum and its subsequent expansion of the network is to lower transaction costs while increasing accessibility and adoption.

“Integrating with other networks will result in lower fees, faster transactions, and improved liquidity, making GHO more attractive to users and opening up a range of new use cases, including GHO digital payments,” Aave Labs founder and CEO Stani Kulechov said in a statement.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information on the cryptocurrency industry. Current financial disclosures include:

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

About the Author

RT Watson is a senior reporter at The Block, covering a wide range of topics including corporate America, blockchain gaming, and NFTs. Previously, he covered entertainment at The Wall Street Journal, writing about Disney, Netflix, Warner Bros., and the creator economy, with a focus on technological disruption across media. Prior to that, he covered corporate, economic, and political news in Brazil at Bloomberg. RT has interviewed a wide range of people, including CEOs, media moguls, major influencers, politicians, blue-collar workers, drug dealers, and convicted criminals. He holds a Master’s degree in Digital Sociology.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

It flashes again in July

July 6, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025
Add A Comment

Comments are closed.

Recent Posts

NEXST Launches Web3 VR Entertainment Platform With K-Pop Group UNIS As First Global Partner

July 7, 2025

Elon Musk announces that his “American Party” will accept Bitcoin and criticizes Trump’s financial bill.

July 7, 2025

From Wall Street to Wallet: Ark Defai redefines financial architecture.

July 7, 2025

What Every Investor Should Know

July 6, 2025

Protecting Your Portfolio In A Volatile Market

July 6, 2025

A Trader’s Guide To Smarter Moves

July 6, 2025

Crypto Price Prediction Strategies – How Traders Forecast The Market

July 6, 2025

Causes, History, And How To Survive

July 6, 2025

A Guide To High-Risk, High-Reward Strategies

July 6, 2025

Ethereum MVRV has 1.20–1.25 and suggests that Market Peak is not visible.

July 6, 2025

Bitcoin holders reach $ 1 trillion in paper gains.

July 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

NEXST Launches Web3 VR Entertainment Platform With K-Pop Group UNIS As First Global Partner

July 7, 2025

Elon Musk announces that his “American Party” will accept Bitcoin and criticizes Trump’s financial bill.

July 7, 2025

From Wall Street to Wallet: Ark Defai redefines financial architecture.

July 7, 2025
Most Popular

VP of Research Messari says Memecoin is the next ‘Trojan horse’ for cryptocurrency adoption.

March 28, 2024

WazirX Halts Trading After $230 Million Exploitation, Offers Bounty for Recovered Funds

July 21, 2024

Pudgy Penguins Jump into Web3 Gaming with Upcoming Metaverse Experience

December 11, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.